Value of Fifty Dollar Compound Interest Bearing Treasury Bill from 1864
|Year: 1864 / 1865|
|Type: Compound Interest Bearing Treasury Note|
|Denomination: Fifty Dollar Bill|
Fifty dollar interest-bearing treasury notes from 1864 are highly counterfeited. We would recommend getting it inspected by a paper money expert before selling.
These old treasury compound interest notes are so rare that the only factor when determining value is really the condition. If you are unsure about the old bill you have we are always happy to help. Attach clear photos and text us 561-870-3682 or email us at Oldmoneyprices@gmail.com or visit our contact page so we can analyze it.
History: Fifty dollar compound interest bearing treasury notes were only printed in the United States during 1863 and 1864. The 1864 $50 interest bearing bills have a portrait of Alexander Hamilton at the right and a woman standing to the left, representing Loyalty.
Interest bearing treasury notes came in many denomination, with the fifty dollar denomination being the third-lowest. In the late 1800s these old bills traded hands frequently, so most known examples are heavily worn. Remember, this was during a time in U.S. history when the state of the nation during the Civil war was in crisis, anyone who didn’t redeem these bills for their interest at the time was either supremely confident or extremely ignorant. This fact alone is why there are so few interest bearing notes known to exist.
Depiction: To the right a portrait of Alexander Hamilton. To the left an allegorical woman representing Loyalty.
Nickname: These $50 bills don’t have a true common nickname outside of 1864 $50 Compound Interest Bearing Treasury Notes.
Interesting Facts: The compound interest bearing treasury notes were issued by congress because of the financial crisis occurring during the American Civil War. These $50 compound interest bearing notes only had three separate years of issuance, meaning the time they had to compound interest was limited. While this fact doesn’t always directly impact value, there are certain collectors who collect fifty dollar interest bearing notes by their year of issuance.
Value & Information: Value for interest-bearing fifty dollar treasury notes are strictly based on condition. If your bill is fake, it’s worth a hundred or two. If it is genuine, it could be worth over $10,000.
There are two types of 1864 compound interest bearing treasury notes, one variety is unknown to exist and the other is highly counterfeited.
The bill shown above should be worth over $50,000. We have had the pleasure to handle only one of these rare fifties during our time collecting and dealing. Please do your research before selling your interest bearing treasury note, or contact us for assistance.
This is one of my favorite types due to its beautiful color and design. To know exactly the value of your particular bill, all you need to do is send me clear photos so I can analyze it better. Your bill could be worth quite literally hundreds of thousands of dollars. You will never know if you don’t ask us!
Inscriptions: This Note Is A Legal Tender For Fifty Dollars – Treasury Department – Act of June 30th 1864 – Three Years After Date The United States Will Pay The Bearer Fifty Dollars With Interest At The Rate Of Six Percent Interest Per Annum Compounded Semi-Annually – Treasury Note – Register Of The Treasury – Treasurer Of The United States – By Act of Congress this Note is a Legal Tender for Fifty Dollars but bears Interest at six percent compounded every six months though payable only at maturity as follows
WE GIVE FREE APPRAISALS
We purchase $50 interest bearing treasury notes from 1864. Send us a photo to Oldmoneyprices@gmail.com and we will respond within 24 hours with any information we can provide along with our best offer!